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As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.

Each gold medal is made up of 92.5 percent silver and 1.34 percent gold, with the remainder copper. The International Olympic Committee stipulates that each gold medal must have six grams of gold (as well as 92.5 percent silver). The "podium value" of the London gold medal is worth approximately …$708, according to the World gold council, the market of the gold industry. It is the highest value of any gold medal in the history of the modern games, primarily because of the record high prices for gold and silver. If the London 2012 Games medals were made of solid gold, it would cost nearly $40 million to make, according to the WGC. This is why the last time pure gold medals were presented was in 1912. The silver medal (which represents second place) is made up of 92.5 percent silver, with the remainder copper; and the bronze medal (for third place) is made up of 97 percent copper, 2.5 percent zinc and 0.5 percent tin. With more than 10,000 athletes competing for the chance to win at least one of 302 Olympic Gold Medals that were presented during the London 2012 Summer Olympic Games These metals represent the first three ages of man in Greek mythology: the Golden Age, when men lived among the gods, the Silver Age, where youth lasted a hundred years, and the Bronze Age, the era of heroes. Each medal is 85 mm in diameter and between 8-10 mm thick. The gold and silver medals weigh 412 grams (0.9 pounds) and the bronze medal weighs 357 grams (0.78 pounds). They are the biggest and heaviest summer Olympic medals ever made. Eight tons of precious ore for all the medals were supplied by mining giant Rio Tinto and was sourced at the Kennecott Utah Copper mine near Salt Lake City, Utah, as well as from the Oyu Tolgoi project in Mongolia, according to the offical London 2012 offical webiste and WGC For the small amount of non-precious elements used in the bronze medals, the zinc was sourced from a mine in Australia as well as from recycled stock, while the tin originates from a mine in Cornwall, England. The metal was sent to Spain where it was turned into discs and then the medals were produced at the Royal Mint headquarters in Llantrisant, South Wales. Each medal takes 10 hours to make, according to the WGC. A 35mm disc is placed in a furnace and heated to 750 degrees Celsius (1,382 degrees Fahrenheit) to soften the medal. The metal disc is then struck 15 times under 900 tons of pressure. The medals were designed by British artist, David Watkins. (MORE)

The "podium value" of the London 2012 gold medal is worthapproximately $708, according to the World Gold Council, the marketdevelopment organization of the gold industry. It is the highest value of any gold medal in the history of themodern games, primarily because of the record high prices for gol…dand silver. Each gold medal is made up of 92.5 percent silver and 1.34 percentgold, with the remainder copper. The International OlympicCommittee stipulates that each gold medal must have six grams ofgold (as well as 92.5 percent silver). The silver medal (which represents second place) is made up of 92.5percent silver, with the remainder copper; and the bronze medal(for third place) is made up of 97 percent copper, 2.5 percent zincand 0.5 percent tin. If the London 2012 Games medals were made of solid gold, it wouldcost nearly $40 million to make, according to the WGC. This is whythe last time pure gold medals were presented was in 1912. The custom of awarding gold, silver and bronze medals began at the1904 Summer Olympics in St. Louis, Mo. These metals represent thefirst three Ages of Man in Greek mythology: the Golden Age, whenmen lived among the gods, the Silver Age, where youth lasted ahundred years, and the Bronze Age, the era of heroes. Each medal is 85 mm in diameter and between 8-10 mm thick. The gold and silver medals weigh 412 grams (0.9 pounds) and thebronze medal weighs 357 grams (0.78 pounds). They are the biggestand heaviest summer Olympic medals ever made. Eight tons of precious ore for all the medals were supplied bymining giant Rio Tinto and was sourced at the Kennecott Utah Coppermine near Salt Lake City, Utah, as well as from the Oyu Tolgoiproject in Mongolia, according to the official London 2012 websiteand the WGC. For the small amount of non-precious elements used inthe bronze medals, the zinc was sourced from a mine in Australia aswell as from recycled stock, while the tin originates from a minein Cornwall, England. The metal was sent to Spain where it was turned into discs and thenthe medals were produced at the Royal Mint headquarters inLlantrisant, South Wales. Each medal takes 10 hours to make, according to the WGC. A 35mmdisc is placed in a furnace and heated to 750 degrees Celsius(1,382 degrees Fahrenheit) to soften the medal. The metal disc isthen struck 15 times under 900 tons of pressure. The medals were designed by British artist, David Watkins. (MORE)

According to the Olympic Charter, the gold and silver medals musteach be made of at least 92.5 percent pure silver and the goldmedal must be gilded with at least six grams of gold. The price of gold changes daily. Assuming there's six grams of goldin each medal, at 31.1 grams per troy ounce, that i…s about 0.2 troyounces. With gold at $1100 per troy ounce, the value would be about $212 . The remainder of the gold medal is made out of silver. The price ofsilver also fluctuates, but at an average of $14.50 per troy ounce,and assuming the entire medal weighs 500 grams, theremaining silver in the gold medal hovers around $230 ,bringing the total value to around $450 . Additional facts: The Beijing 2008 medals also include Jade for thefirst time, which could impact the value. The 2010 Vancouver medalsare the largest in Vancouver history, weighing at about a poundeach. See related links for a Wall Street Journal article on the worth ofOlympic medals. (MORE)

There is very little gold in an Olympic gold medal, but since themedal is redesigned each time the Olympics are held, the amount canchange a bit. The gold medals for the 2014 Winter Olympicscontained 6 grams of gold. The medals weigh 531 grams each.

The Olympic medals are designed especially for each individual Olympic Games by the host city's organizing committee. Each medal must be at least three millimeters thick and 60 millimeters in diameter. Also, the gold and silver Olympic medals must be made out of 92.5 percent silver, with the gold me…dal covered in six grams of gold..
info taken from:.
http://history1900s.about.com/od/greateventsofthecentury/a/olympicfacts.htm. (MORE)

The medals shall be at least 60mm in diameter and 3mm thick. The medals for first and second places shall be of silver of at least 925-1000 grade; the medal for first place shall be gilded with at least 6g of pure gold. OLYMPIC CHARTER ? FULL TEXT http://multimedia.olympic.org/pdf/en_report_122.pdf…(MORE)

No, because gold is soft and malleable to be moulded into the shape of a medal anyway. Therefore many other elements are added to the mixture. Also it would be too expensive for them to be made of real gold. . Gold medal is made from: 92.5% silver 6.16% copper 1.34% gold Silver medal is made from:… 92.5% silver 7.5% copper Bronze medal: 97% copper 2.5% zinc 0.5% tin (MORE)

The medals shall be at least 60mm in diameter and 3mm thick. The medals for first and second places shall be of silver of at least 925-1000 grade; the medal for first place shall be gilded with at least 6g of pure gold.? Sort of, Only a little part of the gold medals are medal. The 2012 Had th…e most gold in a gold medal with about 5%. (MORE)

No. The last olympic medal that was real gold was awarded in 1912. Now, silver medals are silver and gold medals are made of just about 93% silver. However, the gold medal needs to be plated or coated with at least 6 grams of real gold based on Standards.

Not really. Though they were solid gold until 1912, after which they were made of gilded silver, though nowadays plated silver. However, every gold medal must contain at least 6 grams of pure gold..
(Source: http://en.beijing2008.cn/67/83/article214028367.shtml)

According to the official Olympics website the London 2012 Olympic medals weigh 375-400g, are 85mm in diameter and 7mm thick. The gold medal is made up of 92.5% silver and 1.34% gold, with the remainder copper (a minimum of 6g of gold).

According to the Olympic Charter, the gold and silver medals must each be made of at least 92.5 percent pure silver and the gold medal must be gilded with at least six grams of gold. The price of gold changes daily. Assuming there's six grams of gold in each medal, each one would be worth about $…500 at 2010 prices . The remainder of the gold medal is made out of silver. The price of silver also fluctuates, but at an average of $14.50 per troy ounce, the remaining silver in the gold medal hovers around $60. Additional facts: The Beijing 2008 medals also include Jade for the first time, which could impact the value. The 2010 Vancouver medals are the largest in Vancouver history, weighing at about a pound each. See related links for a Wall Street Journal article on the worth of Olympic medals. Read more: http://wiki.answers.com/Q/How_much_is_an_Olympic_gold_medal_worth#ixzz25vS64tK7 (MORE)

What it's made of? -- The gold medal is actually made mostly of silver, but must be gilded with at least 6 grams (0.21 ounces) of pure gold according to the International Olympic Committee standard. The silver must be at least 925-1000 grade. This year the Chinese have included one-of-a-kind jade ri…ngs that lay imbedded upon one side of the medal. The jade used is one-of-a-kind because it is not man-made and thus uses a substance that is equally unique to that of the athletes' ability it may belong to. Which is why the jade design was chosen by the Chinese Olympic Commission. Which leads to the answer of one of your next questions: Who makes them? -- It is the responsibility of the host city to design one half of the medals (i.e. the Chinese chose to have jade, a natural material found most prominently in their country, to be place on one side of the 2008 Olympic medals). It is also the full responsibility of the host country to forge the medals before the games begin. What is gold medal worth? -- The price of gold changes year to year so the answer to the question would change accordingly. If you discount the fact that truly the Olympic gold medal has priceless sentimental and nationalistic value and simply look at it as a metal medallion with monetary value set accordingly to the composition of the silver and gold used to create it then the value of the gold medal as of August 2008 would be roughly $220 USD. The jade is truly priceless due to it's one-of-a-kind nature, thus in auction could fetch much more but, of course, an indeterminable amount. (MORE)

Gold is commonly valued by the ounce. There are 28.3495231 grams (or grammes) in one ounce. Olympic gold medals are silver coated with at least 6 grams of gold. At the current price of about US$1827 an ounce, the value of 6 grams would be US$386.67. Gold and silver prices change several times …a day, and might be much more or much less than the prices above. But an Olympic gold medal has a value to collectors that far exceeds the intrinsic value of the gold and silver it contains. Depending on the athlete and the date, it might be any value up to priceless. (MORE)

Because it's commonly known that their is only 3 winners 1st, 2nd, 3rd etc. ~Gold is the most flashy and expensive so the winner should only get it. ~ Silver is not as expensive as gold so that should be given to the runner up. ~ Bronze is not as expensive as silver and should be rewarded to 3rd pla…ce. (MORE)

It is commonly pride for one's country, a sense of accomplishment, and a high status. Beyond that it is valued to some as an athlete's greatest feat. All the hardwork Olympians have put into training is a large sacrifice, but when a gold medal is earned, you can see the emotion of an Olympian as he …or she is ecstatic. (MORE)

no, i think they're not.i think it is just called gold because gold is expensive and if you have it you are famous because you have the money to buy but in this case a gold medal serve as a tool for your country to be famous.

Gold Olympic medals are real gold, but they are not all gold. They are usually just coated with gold. The rest of the medal is usually silver. There are standards as to how much gold is actually on the gold medals.

The answer is yes and no. First, there have been a lot of erroneous blog posts about this topic, especially as it relates to American athletes. Some internet sources claimed the athletes would have to pay a tax of as much as $9,000 if they won a gold medal (false). In fact, the gold medal is only ab…out 1% gold, so it would not have a great financial value. But what is true is that there is the potential of taxes, although not on the medals. American athletes (and those from some other countries too) receive a cash prize when they win a medal. This prize usually comes from the country's Olympic committee, and the amount varies. Some of the awards could be taxed, but as snopes.com (which fact-checked the false $9,000 claim) points out, most athletes won't pay very much, because they can offset the prize against the amount it cost them to train, buy equipment, etc. So it will probably all even out in the end. I enclose the link to the facts about what American Olympians might have to pay, depending on the amount of the award they win. (MORE)

The 2012 London Olympics will have the largest medals in summer Olympic history. Weighing in at roughly 400g, medals will be seven millimeters thick and approximately 85mm in diameter. Unfortunately, the 400g London gold medals are not entirely made of gold. The composition of the London gold medal …is made up of approximately 92.5% silver, 1.34% gold and 6.16% copper. With gold prices fluctuating around $1,590 per ounce (28.35g), the cost of the required six grams of gold alone equals almost $337. The estimated cost of the 2012 London gold Olympic medal is around $700, making the medal one of the most expensive in Olympic history. (MORE)

There is only one gold medal award in each Olympic Decathlon to the decathlon winner. There has been 25 gold medals awarded in the 24 Olympic Games that included the Decathlon competition. The reason why there is one more gold medal awarded than actual events competitions is because in 1912 there w…ere co-gold medalists. (MORE)

That will depend on the medal- gold, silver or bronze. However, the "gold" medal is actually mostly silver. At today's prices. the "gold" medal has a metal value of $548. If you are a US gold medalist, you do get a bonus of $25,000. Other nations pay different awards to medalists.